Float Health Analysis
What is Float Health?
Float Health supplies nurses for home infusion therapy and specialized medication visits in patients' homes. The company says it has completed over 86,000 successful home medication visits and routes care through a technology platform. Its homepage reports 98 to 100 percent staffing weekly and faster reimbursement support for pharmacy partners.
Location
185 Berry St, San Francisco, California 94107, United States
Employees
1-10
Founded
2021
Revenue
$26.1M
Product Features & Capabilities
- on-demand home infusion nursing services, access to highly qualified nurses, exceptional patient care, medication compliance improvement, cost-effective staffing solutions, technology to reduce administrative burden, expedited reimbursement processes
Pricing
- Average visit costs between $70 and $105 per hour in California.
- Rates may vary with occasional incentivized rates.
- Payment is made per visit, based on the duration spent at the home.
Who are the founders of Float Health
RJ
Ryan Johnson
Founder
CJ
Christy Johnson
Founder
Market Focus
Float Health primarily focuses on the healthcare industry, specifically in the market of home infusion nursing services. They connect specialty pharmacies with qualified nurses to provide patient care in home settings.
Investors
- Canvas Ventures (lead investor)
- Wave Capital
- Y Combinator
- Burst Capital
- Also Capital
- Max Mullen (co-founder of Instacart, angel investor)
- Jed Nachman (COO of Yelp, angel investor)
- Brian Osborn (former VP of marketing at Yelp, angel investor)
- Andrew Bartynski (Vice President of Strategy and Operations at ASRI, angel investor)
- Brian Pokorny (former General Partner of SV Angel, angel investor)
Competitors Overview
Float Health operates in the home infusion nursing services market, and its main competitors include:
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Incredible Health: This platform connects healthcare professionals with hospitals and healthcare facilities, focusing on staffing solutions. Their advantage lies in their extensive network and technology-driven approach to match nurses with job opportunities quickly.
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ShiftMed: ShiftMed provides a similar staffing solution for healthcare facilities, allowing nurses to find shifts that fit their schedules. Their notable advantage is the flexibility they offer to nurses, enabling them to work on-demand.
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Nursa: Nursa is a mobile app that connects nurses with healthcare facilities needing staffing. Their competitive edge is their user-friendly platform that allows for quick and easy scheduling.
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Total Private Home Health: This agency offers a broad range of in-home health services, including personal care and skilled nursing. Their advantage is the comprehensive nature of their services, catering to various health needs beyond infusion therapy.
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2nd Family: They provide personalized home care services, including assistance with daily living activities and companionship. Their strength lies in their focus on holistic care and support for families.
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St. Camillus Health and Rehabilitation Center: This facility offers skilled nursing care and rehabilitation services. Their advantage is the combination of long-term and short-term care options, which may appeal to patients needing more extensive medical support.
These competitors differ from Float Health primarily in their service offerings and operational models, with some focusing more on staffing solutions while others provide a broader range of home health services.
Business Model
Marketplace model connecting nurses and pharmacies; revenue from service fees and funding.
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